Kumowizard
Long

AUDNZD - Slow improvement - Update

FX:AUDNZD   Australian Dollar/New Zealand Dollar
75 0 0
Price eneterred the Cloud. I think first we will see some more consolidation between 1,0585 - 1,0635. On price dips I still favour accumulating 3M             Long Calls with 1,0800 strike price, or put on small outright longs. Price should break above 1,0650 to accelerate the bullish move. Next critical levels are 1,0750 and 1,0850. In case price can break above 1,0750, it will mean a higher high on the 4 Hrs time frame, and even if 1,0850 will very likely block the bullish move first, the chance for a longer term trend reversal will seriously increase. Anyway, if we move up to these levels, we need to check indicators and price action again.
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